Flooding
Blog: Claims specialists, underwriters and risk managers need to get together to innovate
Technological advances help claims specialists and underwriters improve their processes but perhaps the biggest challenge for innovation may lie in both of them working together.
Blog: 8 ways insurers are focusing on customer service
A lot is said about customer focus, delighting customers, and being a customer-driven business, to name three buzz phrases. Without the right approach, real effort, and supporting evidence, there's always a danger these are empty words.
Home insurance premiums remain competitive despite extreme weather conditions
Despite extreme weather and flooding, the cost of combined buildings and contents insurance policies is at its lowest in four years.
H1 catastrophe losses to exceed 2015, says Marsh
Global insured catastrophe losses have increased in the first half of 2016 to $27bn (£21bn) compared to $19bn (£15bn) in the first half of 2015, according to Marsh.
82% of insurers considering SaaS technology in response to Flood Re, IPT and CMA motor reforms
Insurer adoption of cloud hosted software-as-a-service technology is set to grow as a response to unprecedented regulatory change, according to research of 94 senior insurance decisionmakers and IT professionals.
China counts $33bn costs from major flooding
According to Aon Benfield's catastrophe modeling team Impact Forecasting the recent flooding in China could cost the country as much as $33bn (£25bn) in economic losses.
More than nine out of 10 winter flood claims now settled, says ABI
More than nine out of 10 claims following the winter storms have been fully or partly settled, the Association of British Insurers has said.
Geddes ‘proud’ of Direct Line for Business as growth continues
Direct Line Group is putting ‘extra effort’ into its commercial business as gross written premium for Direct Line for Business increased by 8% in the first half of 2016.
Home premiums rise for third quarter running, AA reveals
New research from the AA has revealed a rise in home insurance premiums for the third quarter in a row.
Swiss Re's Mumenthale positive despite nine point hit to H1 COR
Swiss Re has reported a H1 net income of $1.9bn (£1.44bn), down from $2.3bn (£1.75bn) for the same period in 2015.
Lloyds Banking Group insurance profit hit by weather claims in H1 2016
Lloyds Banking Group this morning reported that its general insurance business saw a 12.5% drop in general insurance ‘underlying profit’ for the first half of 2016 after reporting £168m in income (H1 2015: £192m).
China still heavily underinsured for floods, says Swiss Re
China's dramatic flooding over the last month has once again highlighted the prevalence of underinsurance in the country.
Q&A: Axel Theis, Allianz
As member of the Allianz SE board of management, responsible for global insurance lines, Anglo markets and Russia, Axel Theis is a busy man. Post caught a few moments during a brief trip to London to find out what's in store for this global company.
Aviva's Simon Warsop on flood resilience
Simon Warsop, chief underwriting officer for Aviva’s personal lines business, talks about recent flood debates and what action is needed now to protect homes and businesses next winter.
Digital: Virtual reality
Virtual reality has hit the gaming industry this year and it could find a place in the insurance sector to help with claims and fraud in the future.
BIA 2016: Communication – customer care, brand management and CSR
Customer Care; Brand Management; Business Sustainability/Corporate Social Responsibility Initiative of the Year
Climate change to outpace planned flood safeguards
Changes in climate are likely to outpace efforts to safeguard UK infrastructure against further flooding, a new report from the Committee on Climate Change has claimed.
Floods six months on: as claims are settled, how resilient are repairs?
The Association of British Insurers says 90% of December's floods are settled and it supports the introduction of flood measures in building regulations
Interview: Mark Weil, Marsh
Mark Weil, Marsh UK and Ireland CEO, talks to Stephanie Denton about his busy tenure, integrating acquisitions and what comes next
Expertise from A-Z: Taking stock of the year so far
Six months into 2016, what have been the highs and lows for the insurance industry – and what does the rest of the year have in store?
Trade Voice: CILA's Malcolm Hyde on Christmas and New Year with Desmond, Eva and Frank
For some, Christmas and New Year can be a stressful time. Add storms Desmond, Eva and Frank into the mix and the festivities become a seemingly endless time of misery.
Flash floods hit London and South East
The Environment Agency has issued 33 flood warnings for London and the South East this morning after torrential rain overnight.
Inet3 launches flood cover for non-standard home risks
Specialist property managing general agent Inet3 has launched non-standard home risks cover on Flood Re, with the support of a new learning hub for brokers.
Storms Elvira and Friederike will dampen French and German earnings
Storms Elvira and Friederike will dampen the first half 2016 earnings of French and German insurers, though it is unlikely there will be any negative rating actions as a result, according to AM Best.